Handbags are something that actually symbolizes the stature of riches. Some go forward with the footpath ones, while, some prefer buying the moderate ones online or in some decent shops. But, there is this kind of people who step into auctions to lay their hands on the exclusively customized designer ones.

We, in general, end up pawning on the sellers by bargaining the price of the handbags, whatever the price he quoted, we end up asking it for the quarter, at least the half. Our mouths go wide open when the price hits four digit number, and imagine it with more zeroes? Ain’t it nuts? But, it is all it looks like.

As, when it comes to the most expensive handbag in the world, we have to trace it back to Hong Kong, the country generally lauded as the designers’ hub of the modern world, in terms of fashion.

All at once, it is during the recent auction held by the Christies Handbags, that gave birth to the idea of expensive handbags. This year, the handbag was sold for the staggering $ 3,80,000 USD which equals to Rs 24.5 Crores. If you have wondered of this to be the first time, then it is a stud no! Back then it was Hermes Berkin’s another bag, a pink diamond encrusted one which was the most expensive one, actually produced in 2008 and sold in 2016 at $ 3,00,000 USD.

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The details were shared on the official Instagram handle of “Christiehandbags”, they wrote, “This Matte White matte white Himalaya Nilo Croc Birkin with White Gold & Diamond Hardware just sold for the US $380K in the Hong Kong Handbags & Accessories Auction, breaking the record set last year in the 30th Anniversary Hong Kong Auction”.

During the several occasions, we can notice Bollywood actors like Sonam Kapoor and Deepika Padukone showing off their bags at the events.

Coming the design and subjects used in manufacturing this bag, fine gold buckles are an add-on, it has 205 diamonds embedded in the straps. While the whole body of the bag is made up of crocodile skin and hand dyed with colors to replicate the original color of crocodile skin. Due to the hectic process of making it, only two bags are said to be manufactured every year.

While four bags are sold in 10 minutes this year, the buyer of the most expensive one of 2017 has preferred to stay anonymous.

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